SCG Packaging Public Company Limited

SET:SCGP Stock Report

Market Cap: ฿95.7b

SCG Packaging Valuation

Is SCGP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SCGP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SCGP (THB22.3) is trading below our estimate of fair value (THB26.53)

Significantly Below Fair Value: SCGP is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SCGP?

Key metric: As SCGP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SCGP. This is calculated by dividing SCGP's market cap by their current earnings.
What is SCGP's PE Ratio?
PE Ratio19.2x
Earnings฿4.97b
Market Cap฿95.73b

Price to Earnings Ratio vs Peers

How does SCGP's PE Ratio compare to its peers?

The above table shows the PE ratio for SCGP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.9x
PTL Polyplex (Thailand)
9.3xn/a฿11.3b
UTP United Paper
8.3xn/a฿5.5b
SFLEX Starflex
9.5x5.5%฿2.4b
THIP Thantawan Industry
8.5xn/a฿2.6b
SCGP SCG Packaging
19.2x11.1%฿95.7b

Price-To-Earnings vs Peers: SCGP is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the peer average (8.9x).

Price to Earnings Ratio vs Industry

How does SCGP's PE Ratio compare vs other companies in the TH Packaging Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
SCGP 19.2xIndustry Avg. 9.3xNo. of Companies6PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SCGP is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the TH Packaging industry average (9.3x).

Price to Earnings Ratio vs Fair Ratio

What is SCGP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SCGP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.2x
Fair PE Ratio16x

Price-To-Earnings vs Fair Ratio: SCGP is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the estimated Fair Price-To-Earnings Ratio (16x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SCGP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿22.30
฿31.03
+39.1%
17.5%฿45.00฿23.00n/a17
Nov ’25฿25.50
฿31.21
+22.4%
17.8%฿45.00฿23.00n/a17
Oct ’25฿30.25
฿34.84
+15.2%
17.7%฿48.00฿23.00n/a16
Sep ’25฿24.30
฿37.38
+53.8%
12.8%฿45.00฿26.00n/a17
Aug ’25฿29.00
฿38.29
+32.0%
11.1%฿45.00฿26.00n/a17
Jul ’25฿33.50
฿41.51
+23.9%
11.9%฿58.00฿33.50n/a17
Jun ’25฿33.25
฿41.19
+23.9%
14.1%฿58.00฿30.00n/a17
May ’25฿32.50
฿41.01
+26.2%
14.5%฿58.00฿30.00n/a17
Apr ’25฿29.25
฿41.07
+40.4%
15.7%฿58.00฿30.00n/a17
Mar ’25฿27.75
฿41.07
+48.0%
15.7%฿58.00฿30.00n/a17
Feb ’25฿31.50
฿41.25
+30.9%
15.8%฿58.00฿30.00n/a17
Jan ’25฿36.00
฿43.20
+20.0%
13.4%฿58.00฿32.00n/a17
Dec ’24฿39.00
฿43.56
+11.7%
13.7%฿58.00฿32.00n/a15
Nov ’24฿35.25
฿43.39
+23.1%
14.2%฿58.00฿32.00฿25.5014
Oct ’24฿38.25
฿48.93
+27.9%
17.1%฿65.00฿33.00฿30.2514
Sep ’24฿40.75
฿48.87
+19.9%
16.2%฿65.00฿33.00฿24.3015
Aug ’24฿40.50
฿48.87
+20.7%
16.2%฿65.00฿33.00฿29.0015
Jul ’24฿37.25
฿50.87
+36.6%
17.7%฿65.00฿33.00฿33.5015
Jun ’24฿39.00
฿53.32
+36.7%
13.9%฿65.00฿44.00฿33.2514
May ’24฿44.00
฿55.23
+25.5%
12.2%฿65.00฿46.00฿32.5015
Apr ’24฿46.25
฿58.91
+27.4%
11.3%฿74.00฿48.50฿29.2515
Mar ’24฿51.75
฿59.34
+14.7%
10.1%฿74.00฿48.50฿27.7517
Feb ’24฿53.50
฿59.54
+11.3%
9.6%฿74.00฿50.00฿31.5017
Jan ’24฿57.00
฿60.81
+6.7%
8.7%฿74.00฿50.00฿36.0017
Dec ’23฿56.25
฿60.76
+8.0%
8.7%฿74.00฿50.00฿39.0018
Nov ’23฿53.50
฿60.93
+13.9%
9.0%฿74.00฿50.00฿35.2518

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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